Tax & Accounting Blog

Mexico Publishes Modifications to Transfer Pricing Documentation Requirements

Mexico Publishes Modifications to Transfer Pricing Documentation Requirements

On April 3, 2017, Mexico’s Office of the Taxpayer Advocate (PRODECON) published a final report for presenting the master file, local file and country-by-country (CbC) report under Article 76-A of the Income Tax Law. These documentation requirements apply from January 1, 2016, with initial CbC reports due by December 31, 2017 … Read More

What a New IRS Change to Form 1098-T Means for Colleges and Students

What a New IRS Change to Form 1098-T Means for Colleges and Students

Among the changes that the IRS has decided to make for 2017 tax year is a change to Form 1098-T, an important record for educational institutions such as universities as well as for their students. Eligible educational institutions file Form 1098-T for each student they enroll and for whom a reportable transaction is made. They … Read More

The Netherlands Issues Proposed Beneficial Ownership Register Legislation

The Netherlands Issues Proposed Beneficial Ownership Register Legislation

On March 31, 2017, the Dutch Ministry of Finance issued a public consultation (and explanatory report) on draft legislation that would introduce a beneficial ownership register (registratie uiteindelijk belanghebbenden) in the Trade Register Act 2007 via the Fourth EU Anti-Money Laundering Directive (2015/849) (the "Directive" or AMLD4) of May 20, 2015. … Read More